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Issue 10, 2002 (15 October)
 Leader
Scope of Tax Rebates on Re-investment Clarified
The State Administration of Taxation (SAT) has recently issued a circular to clarify the scope of corporate income tax rebates that foreign investors are eligible for on ... (full story)

 Policy and Law
Stricter Rules on Tax Collection
The Implementing Rules for the Tax Collection Law came into force on 15 October 2002, replacing the previous version promulgated by the State Council on 4 August 1993 ... (full story)

 Local Policy
Guangzhou Launches Tax Rebate Loan for FIEs
Guangzhou's Tianhe District State Taxation Bureau and the Guangzhou branch of the Shenzhen Development Bank are jointly launching a closed trust loan for ... (full story)

 Industrial Policy
Beijing Standardises Labelling for Products of Filling Fibres
The Beijing Quality and Technical Supervision Bureau recently issued a circular on the use of standardised labels for products of filling fibres. The products include beddings, clothing and clothing accessories using cotton, wool, silk and chemical fibres as fillings ... (full story)

 Emerging Opportunities
Latest Developments of Foreign Investment in Retail Sector
According to the State Economic and Trade Commission, China has approved eight foreign-invested retail enterprises in the first half of this year, with a total of 28 stores ... (full story)

 Services Sector
Wholly Foreign-Owned Travel Agencies Deregulated Ahead of Schedule
According to Zhu Shanzhong, deputy director of the marketing and communications department of the National Tourism Administration, travel agencies wholly owned by foreign capital will be permitted on a trial basis this year in line with the further opening of the China market ... (full story)

 WTO Accession
Beijing Draws Up Action Plan Outline for Post-WTO Transition
The Standing Committee of the Beijing Municipal CPC Committee has recently adopted in principle Beijing's action plan outline for the post-WTO transition period and will soon put it into implementation ... (full story)

 Business Opportunities
Software Industry in Shenzhen
At the end of 2001, there were 1,875 software developers in Shenzhen, 720 more than a year ago, employing 43,000 people ... (full story)

 Key to Economy and Trade
New Forex Purchase Rules for Bonded Zones
The new Measures for the Administration of Foreign Exchange Control in Bonded Zones came into force on 1 October 2002 (see September issue) ... (full story)